tock Market Today | Share Market Updates - Find here all the updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 18 February 2025.
Market Action: Stocks in focus, SBI Life buy call and Nifty50 trading guide for Feb 18
* Stocks that will see action today: February 18, 2025
* Stock to buy today: SBI Life Insurance Company (₹1,478.70) – BUY
Technical Outlook
* Day trading guide for February 18, 2025: Intraday supports, resistances for Nifty50 stocks
* Nifty Prediction Today: Resistance holds. Wait for a breakout to take fresh longs
* Nifty Bank Prediction today: Trades near a support, go short if this is breached
* At 1.22 p.m. the BSE Sensex fell by 162 points to 75,834, while the NSE Nifty declined by 73 points to 22,886.
Corporate Actions
* Elon Musk debuts Grok-3 AI Chatbot to rival OpenAI, DeepSeek
* Tesla hires in India, signalling entry plans after Modi’s US trip
* Godfrey Phillips stock soars 55% in three days on strong Q3 Results
* Zen Tech shares drop 10%, extending post-Q3 slide
* Patel Engineering JV wins ₹1,090 crore irrigation project in Maharashtra
* European Commission approves Biocon Biologics’ Ustekinumab biosimilar
ALL UPDATES
- February 18, 2025 16:15
Stock market live updates: IREDA Global Green Energy Finance IFSC Ltd (wholly-owned arm of IREDA Ltd) has received Certificate of Registration to operate as a finance company at Gift City, Gujarat
- February 18, 2025 16:13
Stock market live updates today: Rupee tumbles 8 paise to close at 86.96 against US dollar
Rupee depreciated 8 paise to close at 86.96 (provisional) against the US dollar, weighed down by sustained foreign fund outflows and an uptick in the US dollar index.
Forex traders said there is a negative bias for the USD/INR pair as foreign investors continue to sell domestic equities and RBI support is tapering off slowly.
Rupee tumbles 8 paise to close at 86.96 against US dollar
Rupee closes at 86.96 against USD due to foreign fund outflows, trade deficit, and US dollar index uptick.
- February 18, 2025 15:48
Stock market live updates today: Top gainers, losers on the NSE
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- February 18, 2025 15:48
Stock market live updates today: CONCOR bags ₹689.76-crore order for manufacture, supply of 30 BLSS rakes to Braithwaite & Co; Concor stock drops on NSE
CONCOR has awarded an order for manufacture & supply of 30 BLSS (spine car) rakes to Braithwaite & Co. Ltd, a Government undertaking under the Railway Ministry. The value of the order excluding freight charges (including GST) is ₹689.76 crore.
The Container Corporation of India stock declined 3.68% on the NSE to end at ₹677.50.
- February 18, 2025 15:40
Stock market live updates today: Benchmark indices close in the red; Sensex slips 29.47 points or 0.04 per cent and Nifty 50 edges down 14.20 points or 0.06 per cent at 22,945.3
- February 18, 2025 15:39
Stock market live updates today: IND-AGIV COMMERCE board to meet on February 21 to consider fund-raising
- February 18, 2025 15:38
Stock market live updates today: Infosys to collaborate with Lufthansa Group and Lufthansa Systems GmbH for digital transformation in aviation industry; Infosys stock inches up on NSE
Infosys announces long-term collaboration with Lufthansa Group (LHG), a global aviation group, and Lufthansa Systems GmbH (LSY), a leading airline IT provider, to accelerate digital transformation and drive innovation in the aviation industry.
Infosys shares inched up 0.54% on the NSE to ₹1,852.25
- February 18, 2025 15:27
Stock market live updates today: Kalyan Jewellers stock dipped over 5% to ₹479.50
- February 18, 2025 15:14
Share market live updates: Goldiam International is currently evaluating the feasibility of setting up a manufacturing facility in the USA. Stock plunged 7.88% on the NSE to ₹363.
- February 18, 2025 15:08
Stock market live: 955 stocks advance while 2,967 stocks decline on BSE
Stocks advanced on BSE at 3 pm on Feb 18, 2025, were 955 against 2,967 stocks that declined, and 120 remained unchanged. Total stocks traded were 4,042. The number of stocks that recorded a 52-week high was 50, and those that hit a 52-week low was 765. A total of 109 stocks traded in the upper circuit, and 480 in the lower circuit.
- February 18, 2025 15:07
Share market live updates today: Top gainers, losers on the NSE as at 3 pm
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- February 18, 2025 15:03
Share market live updates: Equity market to face near-term volatility, recovery expected in H2CY25: Emkay
Indian equity market is expected to witness near-term weakness and heightened volatility in the first quarter of the calendar year (CY) 2025, according to Emkay Institutional Equities, a part of Emkay Global Financial Services Limited.
However, it anticipates a gradual consumption recovery in H2CY25, led by an improvement in employment trends, a revival in unsecured lending, and an uptick in welfare spending.
Equity Market: Witness near-term volatility, recovery expected in H2CY25
Indian equity market to witness near-term weakness and heightened volatility in the first quarter of the calendar year (CY) 2025, according to Emkay Institutional Equities, part of Emkay Global Financial Services Limited.
- February 18, 2025 15:01
Stock market live updates today: GlaxoSmithKline Pharma records ₹229.88 crore net profit in Q3.
GlaxoSmithKline Pharma stock rallied 17% to ₹2,744.95 following Q3 performance, recording a consolidated net profit for the quarter ended December 2024 of ₹229.88 crore.
- February 18, 2025 15:00
Stock market live updates: Bansal Wire Industries receives GST summon from State GST department
Bansal Wire Industries has received GST summon/ notice from Joint Commissioner Corporate Circle-I, State GST department, Ghaziabad, Uttar Pradesh, seeking invoice details of IPO expenses and amount of ITC claimed.
Shares trade 1.97% lower on the NSE at ₹335.20.
- February 18, 2025 14:36
Share market live updates: Prime Focus subsidiary Brahma AI merges with Metaphysic
Prime Focus stepdown subsidiary, Brahma AI Holdings Limited informed that Brahma Merger Sub Inc. a wholly owned subsidiary of Brahma and Metaphysic, Inc. (“Metaphysic”) have completed a Delaware Merger with Metaphysic surviving.
Prime Focus stock rose 1.07% on the NSE to ₹102.05
- February 18, 2025 14:19
Stock Market live today: Sehul Bhatt, Director- Research, Crisil Intelligence on Impact of US tariff on steel sector
The US move to slap a flat 25% tariff on steel imports from March 12, 2025, compared with multiple types of lesser levies previously, will have a three-fold impact.
One, it will lower the exports of its trade partners as local production rises, but India is unlikely to be impacted materially because only ~2% of its total finished steel exports in the first 9 months of this fiscal were to the US.
Two, there will be a diversion of exporter inventory to other importer-nations at aggressive prices, especially in a milieu of increasing global competition. This could bring down the prices of steel in India, already trending at 4-year lows, further. That means the Indian government may have to step in with safeguard duty to support domestic capacities. The timing and quantum of this will be crucial.
Three, incremental production by US mills will mean a reduction in the steel scrap available for exports. That is because, as much as ~70% of the steel industry there uses the electric arc furnace process, which typically involves converting scrap to produce steel. At present, India sources ~14-15% of its scrap requirements from the US.”
- February 18, 2025 13:59
Share market live news: QMS Medical Allied Services reports 41.8% surge in Q3 profit
QMS Medical Allied Services posts 41.8% jump in consolidated PAT in Q3FY25 backed by foray into new business segment and increased share of solution‐focused businesses
· Operating income on consolidated basis increased by 24.5% as the company ramped up its share of solution‐focused businesses
· EBITDA up by 43.1% at Rs 7.14 crore
· Company receives Board approval for rights issue for raising around Rs 49 crore
- February 18, 2025 13:58
Share market live news: Suraj Estate unveils ‘The Sky Collection’ at Suraj Vitalis
Suraj Estate Developers, a leading real estate construction company in South-Central Mumbai, has announced the launch of ‘The Higher Life Begins, a campaign unveiling ‘The Sky Collection’ at Suraj Vitalis. These sky residences will be the first to offer premium 1-BHK apartments above the 30th floor and represent a rare opportunity to experience elevated living with breath-taking panoramic views of the city and the Arabian Sea.
- February 18, 2025 13:54
Stock to watch today: Star Cement Limited
Star Cement Limited has commissioned 7 MW AQC Boiler for its West Heat Recovery System (WHRS) out of total projected 12 MW WHRS at its newly commissioned cement plant at Lumshnong, Meghalaya.
Shares gained 3.10% on the NSE to ₹215.24
- February 18, 2025 13:51
Stock market live today: ABB India informed the exchange about the resignation of Ramankumar Singh, Country HR Head.
- February 18, 2025 13:34
Share market live today: Times Guaranty announces resignation of CFO Promod effective February 12.
Times Guaranty Limited has informed the exchange regarding resignation of Promod as Chief Financial Officer of the company w.e.f. February 12, 2025.
- February 18, 2025 13:33
Stock market live today: Pritika Auto reports 14% revenue growth in Q3, announces rights issue
Pritika Auto reports 14% revenue growth in Q3, announces rights issue
Pritika Auto Industries Ltd reports strong Q3 results, plans rights issue, and expands production for leading tractor manufacturer.
- February 18, 2025 13:22
Stock market live today: Vinati Organics USA Inc. formed in Delaware; stock sees 3.12% drop
VINATI ORGANICS USA INC’ has been incorporated in the State of Delaware, United States of America.
Vinati Organics stock traded at ₹1,543.05 on the NSE, down 3.12%.
- February 18, 2025 13:21
IPO Watch: Quality Power IPO Day 3 Live: IPO fully subscribed
Quality Power IPO Day 3 Live Updates: Subscribed 83%, IPO ends today
Quality Power IPO/ Quality Power Electrical Equipments IPO Day 3 Live News Today & Live Updates 18th Feb 2025: Track live updates on Quality Power IPO, subscription data, GMP, price band, allotment date, listing date and more. Quality Power Electrical Equipments ₹858.70-crore IPO has been subscribed 83 per cent or 0.83 times. The QIB portion has been booked 0.62 times, NIIs 1.10 times, and retail 1.07 times. The IPO has a price band of ₹401-₹425 and a market lot size of 26 shares. As part of the IPO, the company on Thursday raised ₹386.41 crore from anchor investors.
- February 18, 2025 13:06
Mid-day market updates: Markets extend losses as broader market sentiment remains weak
Stock Market Today: Extends losses as broader market sentiment remains weak
Equity benchmarks decline amid foreign fund outflows, tech stocks resilient, broader market weak, FII selling continues.
- February 18, 2025 12:37
Share market live today: Godfrey Phillips shares soars 55% in 3 sessions on strong Q3 Results
Godfrey Phillips shares soars 55% in 3 sessions on strong Q3 Results
Shares of cigarette manufacturer Godfrey Phillips India surged 10 per cent to reach ₹7,741.8 on Tuesday, marking a remarkable 54.84% rally over 3 trading sessions.
- February 18, 2025 12:35
Share market live today: ABB India expands flameproof motor range for hazardous operations
ABB India expands flameproof motor portfolio for hazardous operations
ABB India today announced the expansion of its low voltage flameproof motor portfolio, introducing larger models with power outputs ranging from 37kW to 500kW.
- February 18, 2025 12:34
Commodities market live today: Aluminium shows upward potential
Aluminium shows upward potential
Aluminium futures uptrend continues with potential to rally to ₹270, but watch for support at ₹250.
- February 18, 2025 12:33
Share market live updates: Indian Equities to Face Near-Term Volatility, Recovery Expected in H2CY25: Emkay Institutional Equities
• Nifty projected to reach 25,000 by December 2025
Positive on Lupin, Zomato, Tata Motors in large Caps, IndusInd Bank, Escorts, Paytm in midcap and StoveKraft, Metropolis and Quess Corp in small caps. Emkay Institutional Equities, a part of Emkay Global Financial Services Limited held a virtual media webinar on the outlook for the Indian equity markets. The research house expects near-term weakness and heightened volatility for Indian equities in Q1CY25. However, a gradual consumption recovery is anticipated in H2CY25, led by an improvement in employment trends, a revival in unsecured lending, and an uptick in welfare spending. Emkay Institutional Equities project Nifty to be at levels of 25,000 by December 2025, and FPI selling to subside by Q2CY25.
- February 18, 2025 12:33
Share market live today: Godrej Enterprises partners with Bisiach & Carru for advanced railway and aerospace production
Godrej Enterprises stock traded flat on the NSE at ₹1,959.65. The Group had entered an initial pact with Italian automation specialist Bisiach & Carru for producing advanced railway and aerospace equipment in the country.
- February 18, 2025 12:07
Nifty today: Top gainers, losers on the NSE as at noon trade
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- February 18, 2025 12:06
Sensex today: Advance-decline ratio at noon trade
Stocks advanced on BSE at 12 noon on Feb 18, 2025, were 853 against 2,918 stocks that declined, and 131 remained unchanged. Total stocks traded were 3,902. The number of stocks that recorded a 52-week high was 43, and those that hit a 52-week low was 616. A total of 95 stocks traded in the upper circuit, and 421 in the lower circuit.
- February 18, 2025 12:06
Technical Outlook: Sameet Chavan, Head Research, Technical and Derivative at Angel One on Nifty50 outlook
Despite Gift Nifty signaling a positive start, our markets opened the week on a negative note. In the initial hours, Nifty slipped below the recent lows of 22800 but found support, preventing further selling pressure. Gradually, the index recovered throughout the session and ended near the high point, gaining 0.13% to close a tad above the 22950 mark.
After an eight-day losing streak, Nifty finally posted gains, reaffirming strong support around 22800. From a technical standpoint, early signs of a potential double-bottom formation on the daily chart suggest a solid base at this level. We have been tracking a Falling Wedge pattern connecting the major lows of August and November. However, a closer look at recent price action reveals another Falling Wedge on a shorter timeframe, linking the lows of November and January. Looking ahead, strong support is evident at every 100-point interval, ranging from 22800–22700 (lower end of the wedge) to 22600–22500, which coincides with the 127% retracement of the early February rebound. Additionally, a two-point positive divergence on the RSI Smoothened suggests a potential shift towards positivity. Given these factors, we do not anticipate significant downside risks, and the bulls may attempt a recovery in the near term.
Therefore, we advise traders to avoid panic selling and refrain from initiating fresh short positions. Instead, any dips can be viewed as opportunities to accumulate quality names in a staggered manner. That said, while we don’t want to sound too gung-ho, we prefer to take one step at a time. Immediate resistance is placed at 23250, aligning with the 20-day EMA and the intraday high on the hourly chart, while the upper boundary of the Falling Wedge near 23400 remains a critical hurdle. Traders should closely monitor these levels and plan their trades accordingly.
- February 18, 2025 12:04
Economy Watch: GDP growth to rise to 6.4% in Q3 FY2025, benefitting from Government spending: ICRA
· Pace of expansion may remain below Q1 FY2025 levels, led by industry
· Rise in GDP to continue to trail GVA growth for the third quarter in a row
ICRA has projected the year-on-year (YoY) expansion of the GDP to rise to 6.4% in Q3 FY2025 from the seven-quarter low of 5.4% in Q2 FY2025, benefitting from enhanced Government spending amid uneven consumption. Further, the growth in the gross value added (GVA) is estimated to record a relatively broad-based improvement to 6.6% in Q3 FY2025 from 5.6% in Q2 FY2025, driven by the industrial (to +6.2% from +3.6%), services (to +7.7% from +7.1%), and agricultural (to +4.0% from +3.5%) sectors. On a sombre note, the GDP and GVA growth in Q3 FY2025 is foreseen to continue to trail the NSO’s initial growth estimates for Q1 FY2025 (+6.7% and +6.8%, respectively), which had seen some sectors affected by the Parliamentary elections, the Model Code of Conduct, and also the heat wave in some states.
ICRA estimates that the growth in net indirect taxes (in nominal terms) eased significantly to low single digits in the quarter from 7.9% in Q2 FY2025, owing to a sharp, albeit base effect-led rise in the YoY increase in subsidy disbursement by the Centre (to +31.1% in Q3 FY2025 from +4.3% in Q2 FY2025; -53.6% in Q3 FY2024; -7.6% in Q2 FY2024). As a result, the GDP expansion would continue to trail that in the GVA in Q3 FY2025 for the third quarter in a row, with a similar trend expected in the full year as well.
Aditi Nayar, Chief Economist, Head-Research & Outreach, ICRA said: “India’s economic performance in Q3 FY2025 benefitted from a sharp ramp-up in aggregate Government spending (Centre + state) on capital and revenue expenditure, high growth in services exports, a turnaround in merchandise exports, healthy output of major kharif crops etc., which would have buffered rural sentiment. Some consumer-focussed sectors saw a pick-up during the festive season, even as urban consumer sentiment dipped slightly, and other sectors such as mining and electricity saw an improvement after weather-related challenges in the previous quarter. Overall, while we expect the pace of GDP and the GVA expansion to rise in Q3 FY2025 relative to the seven-quarter low prints for the previous quarter, marking an upturn, the performance may remain inferior to the NSO’s initial estimates for Q1 FY2025.”
- February 18, 2025 12:00
Stock in focus: Zen Tech shares plunge further by 10%, extending losses following Q3 results
Zen Technologies Share Price: Plunge further by 10% extending losses following Q3 results
Zen Technologies stock plunges 10% on Q3 results, despite buy calls, as company faces growth concerns and order delays.
- February 18, 2025 11:51
Share market live today: 360 ONE Asset acquires 15 per cent stake in Bharti AXA life insurance
360 ONE Asset acquires 15 per cent stake in Bharti AXA life insurance
360 ONE Asset acquires 15% stake in Bharti AXA Life Insurance, enhancing growth, innovation, and market presence in India.
- February 18, 2025 11:50
Share market live today: 360 ONE Asset acquires 15 per cent stake in Bharti AXA life insurance
- February 18, 2025 11:49
Stock market live updates: TVS Motor unveils all-new RONIN 2025 edition motorcycle
TVS Motor Company announced the launch of the all-new TVS RONIN 2025 Edition a bold new iteration of its category defining modern-retro motorcycle. Shares traded flat on the NSE at ₹2,349.40.
- February 18, 2025 11:48
Share market live updates: Intellect Global Transaction Banking launches eMACH.ai DTB solution at Boubyan Bank; shares trade weak
Kuwait’s Boubyan Bank implements Intellect’s digital banking platform
Boubyan Bank enhances transaction banking with Intellect Design Arena's eMACH.ai solution, boosting digital capabilities for various sectors.
- February 18, 2025 11:40
Stock market live updates: ABB India has today unveiled its latest range of flameproof motors Shares traded flat on the NSE at ₹5,219.70
- February 18, 2025 11:20
Bharti Telecom boosts stake in Airtel as promoter-group entity sells shares
Bharti Telecom Limited has increased its stake in Bharti Airtel to approximately 40.47 per cent following a significant market transaction today. Indian Continent Investment Limited (ICIL), a promoter-group entity of Bharti Airtel, sold about 0.84 per cent shareholding (approximately 5.11 crore shares) for ₹8,485.11 crore.
The shares of Bharti Airtel Limited were trading at ₹1,662.50, down by ₹13.05 or 0.78 per cent on the NSE today at 11.05 am.
Bharti Telecom boosts stake in Airtel as promoter-group entity sells shares
Bharti Telecom increases stake in Bharti Airtel to 40.47% through significant market transaction, reinforcing controlling interest strategy.
- February 18, 2025 11:12
Zaggle teams up with Google, Redington for new employee benefits solution
Zaggle Prepaid Ocean Services Limited has entered into a strategic partnership agreement with Redington Limited to co-create an employee benefits solution, as announced on February 17, 2025. The solution will be developed in collaboration with Google and offered to Zaggle’s corporate clients.
The shares of Zaggle Prepaid Ocean Services Limited were trading at ₹329.80, down by ₹15.35 or 4.45 per cent on the NSE today at 10.55 am.
Zaggle teams up with Google, Redington for new employee benefits solution
Zaggle partners with Redington and Google to create employee benefits solution, trading at ₹329.80 on NSE.
- February 18, 2025 11:04
Technical outlook: Nifty Bank Prediction today – Feb 18, 2025: Trades near a support, go short if this is breached
Nifty Bank Prediction today – Feb 18, 2025: Trades near a support, go short if this is breached
Nifty Bank opens lower, all stocks in red, futures down 0.8%; support at 49,000, resistance at 49,200.
- February 18, 2025 11:00
Share market live today: Gems & Jewellery exports decline by 7.01% imports down 37.83% in January 2025
•Cut & Polished diamonds exports declined by 12.48%; imports declined by 67.04%in January 2025
•Rough diamond imports declined by 22.49%
•Polished Lab Grown Diamonds exports declined by 24.95%
•Gold Jewellery export increased by 20.48%
•Coloured Gemstone exports declined by 9.62%
As per the data released by the Gems and Jewellery Export Promotion Council (GJEPC), the apex body for the Gems & Jewellery Industry in India, the overall gross exports of Gems & Jewellery in January 2025 stood at USD 2237.14 million (Rs. 19,302.280 crore), showing a decline of 7.01% compared to USD 2405.78 million (Rs. 19,995.66 crore) for the same period last year. This is due to the economic uncertainty looming in the market on the back of tariff threats by Donald Trump right after his arrival in the power again.
The overall imports of Gems & Jewellery for January 2025 stood at USD 1421.61 million (Rs. 12269.41 crore) showing a decline of 37.83% as compared to USD 2286.55 million (Rs. 19008.4 crore) for the same period last year. While there may be multiple factors like loosened demand due to end of wedding season, this also indicates the strengthening aatmanirbharta of Indian Gems & Jewellery sector where the domestic demand is met by domestic jewellery manufacturers, thus having less to no reliance on international players for finished jewellery products.
Commenting on the same, Colin Shah, MD, Kama Jewelry said, “With Trump coming back into power and aggressively pushing massive tariff hikes, the impact of the same is evidently visible on overall global trade activities. We are in a wait-and-watch situation to monitor Trump’s tariff stance, which will decide how the global market will navigate through these times. However, a gradual rebound in trade activities could be seen in the upcoming months once there is absolute clarity.”
- February 18, 2025 10:56
Sensex Live today: Sensex dipped over 340 pts
- February 18, 2025 10:56
Stock market live today: Kotak Institutional Equities: Market outlook dims amid rich valuations and earnings concerns
Kotak Institutional Equities (KIE).
Slow going and going slowly
We do not find much value in most parts of the market despite the recent sharp correction in the market. The Indian market may stay lackluster, weighed down by (1) rich valuations across sectors and stocks, (2) potential earnings downgrades and (3) higher-for-longer global interest rates. The 3QFY25 results season did little to change our cautious view of the market.
Not much value as yet despite sharp correction in parts of the market
We do not find much value in most parts of the market despite the sharp correction in several sectors and stocks in the past few months. Most sectors and stocks are still trading at rich valuations, with the extent of overvaluation rising in inverse correlation to market capitalization, quality and risk.
FPIs may not return in a hurry; DIIs are buying in a hurry
The battle between FPIs and DIIs will likely continue in the next few months, with (1) FPIs likely to continue with their cautious stance, given a challenging global investment environment for EMs and (2) DIIs likely to deploy aggressively, given (1) high cash positions with MFs and (2) possibly strong (though tapering) inflows from retail investors. However, a period of low trailing returns could dampen return expectations among retail investors and inflows into domestic mutual funds. The 12-month return of the NSE-50 Index, the Nifty Midcap 100 Index and the Nifty 100 Smallcap 100 Index has come down to 5%, 3% and (-)3% with negative returns of 5%, 12% and 15% in the past six months.
Challenges emerging in both macro and micro
India’s macroeconomic position has deteriorated somewhat in the past few months, with (1) a continued slowdown in consumption demand (especially of basic staple items), reflecting the income and inflation challenges for the low-income households, (2) a likely slowdown in government capex (one of the drivers of the economy until recently) and (3) increased pressure on the external position (low BoP surplus, a sharp decline in FX reserves and a weakening INR). 3QFY25 results and management commentary showed (1) a modest deterioration in the asset quality of banks, led by the MFI book of small finance banks and MFI-NBFCs, (2) continued weakness in consumption demand despite some recovery in rural demand, but (3) strong momentum in investment.
3QFY25 results weak in general; misses punished
3QFY25 net income of the Nifty-50 Index grew 8.8%, moderately ahead of our expectation of 7.8% growth, and 3QFY25 net income of the KIE coverage universe grew 8.2%, moderately below our expectation of a 9.2% increase. 3QFY25 EBITDA of the Nifty-50 Index increased 6.7% versus our expectation of 5.1% growth. The weak 3QFY25 operating results again highlighted some of our long-standing concerns around (1) the Street’s optimistic profitability and volume assumptions and (2) disruption threats across sectors
- February 18, 2025 10:51
Commodities market updates: Sugar prices recover with India output set to be tighter
India’s sugar output is expected to fall to 26 million tons this season due to disease affecting the cane crop in Uttar Pradesh.
Sugar production is expected to rebound next season, but supplies will remain tight in the near term due to lower output in Thailand and other countries.
Tight refined sugar supplies will boost white sugar’s premium over raw sugar, with world sugar prices needing to stay above $530 a ton to incentivize exports.
- February 18, 2025 10:47
Share market updates: Nimbus Group reports strong booking and collection momentum in Q3 FY25 and 9M FY25 reinforcing growth trajectory
Key Sales Highlights:
¨ Sales Momentum: 9M FY25 sales stood at ₹491.37 crores, reflecting a YoY growth of 352.67% over 9M FY24 and Q3 FY25 sales amounted to ₹278 crores reflecting a staggering increase of 868% from Q3 FY24, demonstrating resilience driven by strong customer confidence and timely project execution.
¨ Collections Surge: 9M FY25 collections stood at ₹183.38 crores, reflecting a YoY growth of 100.63% over 9M FY24 and Q3 FY25 collections amounted to ₹91.03 crores reflecting an increase of 210% over the corresponding quarter FY24.
¨ Robust Development Pipeline: Nimbus has a total pipeline of about eleven lacs square feet in upcoming development of luxury residential project in Sector 168, Noida, having an estimated top-line sales potential of ₹1,500 crore and marking its entrance in the luxury housing segment
- February 18, 2025 10:47
Share market live today: Tech Mahindra Board greenlights merger of subsidiaries Cerium Systems and Tech Mahindra (Americas)
Tech Mahindra board has approved the plan of Merger of Tech Mahindra Cerium Systems Inc., wholly-owned subsidiary of the Company with Tech Mahindra (Americas) Inc., wholly-owned material subsidiary of the Company.
- February 18, 2025 10:46
Share market live today: ABB India shares surge 4.86% after 54% rise in Dec-quarter net profit
Shares of ABB India soared 4.86% on the NSE to ₹5,496.60, following 54% jump in net profit to ₹532 crore in December 2024 quarter.
- February 18, 2025 10:41
Technical outlook: Nifty Prediction Today – February 18, 2025: Resistance holds. Wait for a breakout to take fresh longs
Nifty Prediction Today – February 18, 2025: Resistance holds. Wait for a breakout to take fresh longs
Nifty 50 February Futures outlook: Resistance at 23,000, support at 22,800, trade cautiously with clear levels for entry and exit.
- February 18, 2025 10:40
Share market live today: IFSCA notifies new bullion market regulations, introduces key safeguards for consumers
IFSCA notifies new bullion market regulations, introduces key safeguards for consumers
IFSCA introduces Bullion Market Regulations 2025 in GIFT City, Gujarat, with safeguards, inspections, inquiries, and penalties for customer protection.
- February 18, 2025 10:36
Commodities market updates: Crude oil futures rise after drone attack on Russian pumping station
Crude oil futures rise after drone attack on Russian pumping station
Crude oil futures rise after Ukraine drone attack on Russian oil station; OPEC+ may delay production increase.
- February 18, 2025 10:34
Stock market updates: Markets open lower as FII selling persists, tech stocks shine
Markets open lower as FII selling persists, tech stocks shine
Equity benchmarks retreat, Nifty and Sensex down, tech stocks gain, market awaits FOMC minutes, rupee depreciation concerns.
- February 18, 2025 10:33
Currency market updates: Rupee opens 6 paise weaker at 86.9425 per Dollar
Rupee opens 6 paise weaker at 86.9425 per Dollar
Rupee weakens against Dollar, expected to trade within 86.60-87.20 range due to trade deficit and RBI bond purchase.
- February 18, 2025 10:02
Share market live today: Bharti Telecom now holds 40.47% of Airtel
Bharti Telecom now holds 40.47% of Airtel. Bharti Airtel stock traded flat on the NSE at ₹1,672.
- February 18, 2025 09:47
Share market live today: Zaggle enters agreement with Redington; stock dips 1.17%
Zaggle Prepaid Ocean Services Limited, a leading B2B SaaS FinTech company, has announced that it has partnered with Google through Redington (India) Limited, the tech giant’s exclusive distribution partner in India, to introduce the Smart Employee Purchase (EPP+) Program. The initiative will supplement Zaggle’s existing employee benefits program and help businesses enhance employee engagement and better manage costs through innovative leasing options.
Zaggle stock traded at ₹341.10 on the NSE, down 1.17%.
- February 18, 2025 09:45
Quality Power IPO: Subscribed 83%, IPO ends today
Quality Power IPO Day 3 Live Updates: Subscribed 83%, IPO ends today
Quality Power IPO/ Quality Power Electrical Equipments IPO Day 3 Live News Today & Live Updates 18th Feb 2025: Track live updates on Quality Power IPO, subscription data, GMP, price band, allotment date, listing date and more. Quality Power Electrical Equipments ₹858.70-crore IPO has been subscribed 83 per cent or 0.83 times. The QIB portion has been booked 0.62 times, NIIs 1.10 times, and retail 1.07 times. The IPO has a price band of ₹401-₹425 and a market lot size of 26 shares. As part of the IPO, the company on Thursday raised ₹386.41 crore from anchor investors.
- February 18, 2025 09:37
Nifty Today: Top gainers, losers on the NSE as at 9.30 am
WhatsApp Image 2025-02-18 at 09.31.00.jpeg
- February 18, 2025 09:36
Commodities market live updates: Crude oil futures rise following Ukraine drone attack on Russian pumping station
Crude oil futures traded higher on Tuesday morning after a drone attack by Ukraine on an oil pumping station in Russia. At 9.28 am on Tuesday, April Brent oil futures were at $75.38, up by 0.21 per cent, and April crude oil futures on WTI (West Texas Intermediate) were at $71.39, up by 0.96 per cent. February crude oil futures were trading at ₹6220 on Multi Commodity Exchange (MCX) during the initial hour of trading on Tuesday against the previous close of ₹6198, up by 0.35 per cent, and March futures were trading at ₹6225 against the previous close of ₹6212, up by 0.21 per cent.
- February 18, 2025 09:35
Stock market live today: Brokerages on markets outlook
MS on Markets
Buying Indian equities could prove rewarding
If global cues do not surprise negatively
India should resume its outperformance to EM in the coming months.
Strong macro stability with improving terms of trade, declining primary deficit and falling inflation volatility
Mid- to high-teen earnings growth annually over the next 3-5 years
Led by an emerging private capex cycle, releveraging of corporate balance sheets
Structural rise in discretionary consumption
A reliable source of domestic risk capital.
These factors have reduced India’s beta to EM to ~0.4 explaining the rich headline multiple
CITI on Markets
Post corrections valuations for large caps are reasonable
Remain constructive
The top-down drivers for consumption growth (direct income tax cuts, policy rate cut, decline in inflation)
Capex growth (public capex recovery from Dec’24) are improving
Sectoral OW/UW — Key stocks rated Buy where our views were reinforced are HDFC Bank, Kotak, Maruti, Endurance, HDFC Life, Torrent Pharma and Makemytrip.
Key OW: Banks, Telecom, Healthcare
Key UW: IT, Metals, Consumer Discretionary.
Our Dec’25 NIFTY target of 26k has 13% upside from here.
- February 18, 2025 09:35
Stock Recommendations: CLSA on Tech Mahindra
O-P, TP Rs 2030
Reiterate top pick in large cap IT with nos walking the talk
More confident that Co will achieve its FY27 targets of 15% Ebit margin & revenue growth above peer avg.
Robust order book with multiple initiatives taken to build strong foundation
- February 18, 2025 09:34
Stock Recommendations: JPM on Persistent
Maintain Overweight, TP 7200
Buy this dip-high quality growth compounder offering 30% potential upside
21%/29% revenue/PAT CAGR expected over FY25-27
Record high deals indicate high-teens revenue growth in FY26
Came up with new target of $5bn revenue by FY31, implying strong 26% CAGR over FY27-31
See potential for margin expansion from subcon reduction and operating leverage
- February 18, 2025 09:34
Sectoral Recommendations: Nomura on Oil & Gas (Ministry Meet-Takeaways)
The clarity provided by the government reinforces our stance that PLNG will not be impacted by PNGRB’s recent actions.
The Board does not have any powers to regulate the sector and the government is not looking to regulate PLNG’s tariffs.
MoPNG focused on improving the outlook for the energy sector
Upstream—ORD Act to be passed soon; ONGC gas production to scale up
CGDs – consolidation could pick up pace; government working towards bringing natural gas under GST
- February 18, 2025 09:33
Sectoral Recommendations: Investec on Autos
February 1st Fortnight-Retail Registration Trends
In E-2W Bajaj Auto back to leadership, Ola market share down 700bps MoM
In ICE 2-W TVS gains m/share, while Hero’s market share started moving up due to uptick in rural
Bajaj Auto lost 110bps market share YTDFY25
In E-4s Tata Motors lost 600bps m/share ceding its top position to MG for first time
In ICE-4 M&M/Maruti increased m/share by 170/160bps to 14%/44% vs YTDFY25
Tata Motors m/share declines in ICE as well by 330bps to 8.2%
- February 18, 2025 09:33
Sectoral Recommendations: MS on Cement
Expect demand momentum to continue over next few months
Supporting sustained cement price hikes
Medium term outlook remains constructive
Margin expansion should be led mainly by cost improvement
Upgrade Shree Cement to Equal Weight from Underweight, TP at 26950 ( From 24200)
Downgrade ACC to Underweight from Equal Weight, TP at 1670 (from 2510)
Ultratech Cement remains top pick
- February 18, 2025 09:32
Brokerage Recommendations: Deepak Nitrite
MS on Deepak Nitrite
OW, TP Rs 3000
Advanced Intermediates is expected to meaningfully revive in Q4, sustaining into F1Q/2Q26, with traction seen in both domestic and international customers, new products and full benefit of cost initiatives filtering from Q4.
DAM Cap on Deepak Nitrite
Buy, TP Rs 2142
Guidance: AI biz: Q4 to be significantly better than Q3. Agchem expected to normalize by Q2FY26E
Phenolics biz: Q4 to be impacted by higher imports; expecting normalization by Q1FY26
Cut FY25E/FY26E/FY27E EPS by 20%/24%/12%
- February 18, 2025 09:32
Stock Recommendations: CLSA on Nazara Tech
U-P, TP Rs 665
3QFY25 revenue boosted by acquisition
Continued subscriber loss in Kiddopia
Nodwin revenue grows but Ebitda loss
Nazara will be raising Rs5bn from existing investors at Rs990/sh which will also trigger open offer
Val expensive at c.50x FY26CL PE
- February 18, 2025 09:31
Stock Recommendations: UBS on PCBL
Buy, TP Rs 600
Believe unit can commercialise by early FY27 with an outlay of Rs500-1,000m
This reinforces PCBL’s strategy towards increasing proportion of specialty blacks which has increased from 1% in FY15 to 11% in FY24
- February 18, 2025 09:31
Stock Recommendations: JPM on KFin Tech
In last de-rating cycle for AMCs/RTAs between 3QFY22 & 1QFY24, co’s direct peer, CAMS bottomed out at 26x 1 yr fwd P/E in May-23 from high of 65x in Sep-21
A similar de-rating for KFIN (currently at 33x 1 yr fwd P/E) over FY26 would suggest further 10% downside
- February 18, 2025 09:31
Stock Recommendations: Jefferies on Go Digit General Insurance
BUY; TP Rs360; Assume coverage at buy
Analyst day takeaways:
Go Digit’s mgmt highlighted that key focus is on improving renewals in the motor segment (~77% of premiums) that allows better selection & lower commissions, aiding better profitability.
On health insurance, mgmt is cautious on group and retail health due to aggressive pricing & higher claims, respectively.
Regulations on commission caps, IPO of unlisted players & IFRS transition would be +ve. Co. is on track to met EOM norms.
Motor: Renewal offers promising opportunity; TP pricing a drag
Health: Pressure on group as well as retail side.
Corporate: Aiming to improve capacity
Regulations: Commission-caps, IFRS, IPO
Mgmt reiterated that it is on track to meet EOM target of 31.5% in 2yrs from ~35% in 3Q25.
We see 47% CAGR in earnings over FY25-27E
- February 18, 2025 09:31
Stock Recommendations: UBS on Max Healthcare
Upgrade to Buy From Neutral, TP 1200 (FROM 610)
Well-oiled machine standing out
Building blocks in place for earnings acceleration
Co to double its bed capacity in next 3 years
Leveraging asset light model-Max seems to be leading among peers
- February 18, 2025 09:30
Stock Recommendations: CITI on Shriram Finance
Maintain Buy, TP 720
Truck rentals on major routes surged 2-4% MoM
Car, 2-wheelers,buses retail sales increased significantly in January
E-way bill generations in value terms up 10% MoM
Fast-tag collections were flat MoM
Diesel consumption decreased 4% MoM in January due to cold wave in N.India
Logistics sector is poised for strong performance in coming months, driven by seasonal demand and supportive economic policies
- February 18, 2025 09:30
Stock Recommendations: CITI on United Spirits
Maintain Neutral, TP 1650
Andhra Pradesh market could help drive growth over next 3 quarters
Uttar Pradesh new excise policy-state has low contribution to business
Expects few more quarters for premium segment to gather historical momentum
Inflation expected to be there for neutral alcohol spirits
- February 18, 2025 09:30
Stock Recommendations: CITI on Maruti
Maintain Buy, TP at Rs14,500 (from Rs13,700)
Maintain Maruti as our top pick in the Indian autos sector
Expectations of better mix and lower discount
Earnings estimates increase by 5–7% over FY25-27
Marginally increase target EV/EBIT multiple to 24x from 23x, given better volume outlook.
- February 18, 2025 09:28
Stock in focus: Bharti Airtel Large Trade: 3.5 cr shares worth ₹5,838 cr change hands in block deal window
Bharti Airtel Large Trade: 3.5 cr shares worth ₹5,838 cr change hands in block deal window (Stock to remain on focus as Block deal done pre market )
- February 18, 2025 09:27
Q3 result updates: ABB reports a PAT of ₹528 crore, up by 56% for Q4FY24
ABB reports a PAT of ₹528 crore, up by 56% for Q4FY24
ABB India reports 56% profit increase in Q4FY24, with highest revenue in 5 years, driven by diverse sectors.
- February 18, 2025 09:24
Share market live today: V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
“The weakness in the market persists despite the mild recovery witnessed yesterday. The market construct doesn’t favour a rally in the market. FIIs are likely to continue to sell. News flows are not positive. The US market continues to be strong and may attract more capital flows to the US from other markets. A new development is from the Chinese authorities indicating a new perspective regarding the Chinese government’s approach to Chinese businesses. President Xi has indicated the need for a “clean relationship” between government and business. This is regarded as a favourable development for reviving the Chinese economy, which is struggling now from the fall out of the crisis in the real estate sector. If the Chinese government’s new initiatives attract positive responses from the FIIs, that means more bad news for Indian markets. More money will flow into Chinese stocks through the Hang Seng exchange since the PE of the Hang Seng index is only around 12 compared to the 18.5 one-year forward PE in India. Since largecaps are fairly valued in India, calibrated buying in this segment can be done. But the market construct doesn’t favour aggressive buying.”
- February 18, 2025 09:23
Commodities market updates: January gold import surges 40.79% to $2.68 billion
Gold imports in January surged 40.79% to $2.68 billion due to rising domestic demand, says the commerce ministry
- February 18, 2025 09:16
Share market live today: Tesla begins hiring in India after Elon Musk’s meeting with Modi
Tesla begins hiring in India after Elon Musk’s meeting with Modi
Tesla Inc. plans to enter the Indian market, hiring for various roles after CEO Elon Musk met with Prime Minister Modi.
- February 18, 2025 08:58
Share market live today: Earnings Growth Moderates Amid Economic Headwinds: Motilal Oswal
Nifty-50 reported 5% YoY PAT growth, aligning with expectations but significantly weaker than the 20%+ CAGR seen between FY20-24. The slowdown in earnings momentum, coupled with increased market volatility and sector-specific challenges, has led to a more cautious investment outlook.
BFSI, Healthcare, and Capital Goods Drive Stability
BFSI led the earnings cycle, growing 11% YoY, with PSU banks (+24% YoY) outpacing private lenders due to lower credit costs and better asset quality. Healthcare posted 25% YoY growth, driven by chronic therapies and strong US generics demand. The Capital Goods sector expanded earnings by 20% YoY, benefitting from strong order inflows and continued government infrastructure spending. Technology (+9% YoY) remained resilient, though margin pressures persisted.
Cyclicals and Consumer-Oriented Sectors Underperform
Oil & Gas earnings declined 11% YoY, impacted by weak refining margins and crude price fluctuations. Cement had a difficult quarter (-55% YoY) as pricing pressures and cost inflation hurt profitability. Chemicals saw a 12% YoY earnings drop, affected by weak export demand and price corrections. Consumer and auto segments struggled with rural demand weakness, margin compression, and a cautious FY26 outlook.
Key Sectoral Review – Diverging Performance Across Industries
The sectoral performance in 3QFY25 was highly uneven, with some industries benefitting from strong structural tailwinds, while others struggled with demand contraction and cost pressures. Despite overall market weakness, select sectors like BFSI, Healthcare, Capital Goods, and Telecom posted resilient growth, whereas Cement, Oil & Gas, and Consumer Discretionary lagged behind.
Sectoral Performance: Strength in BFSI, Healthcare & Infra
BFSI continued to lead the recovery, with PSU banks benefitting from strong loan growth and lower credit costs. The Healthcare sector (+25% YoY) capitalised on steady demand for chronic medicines and an expanding generics market in the US. Capital Goods and Infrastructure remained strong (+20% YoY), supported by government-led capex and high order inflows. The Telecom sector also returned to profitability, driven by tariff hikes and subscriber growth.
Cement, Oil & Gas, and Consumption Lag Behind
Cement earnings plunged 55% YoY, impacted by weak pricing trends and cost inflation. Oil & Gas declined 11% YoY, with lower refining margins weighing on profitability. The Chemicals sector saw a 12% YoY decline, struggling with weak global demand and oversupply issues. Meanwhile, Consumer and Auto sectors continued to underperform, with subdued rural demand and margin pressures leading to muted growth expectations for FY26.
Market Valuations Remain Elevated
Despite weak earnings momentum, valuations remain stretched, with two-thirds of sectors still trading above their historical averages. The Nifty’s P/E ratio stands at 19.9x, marginally below its long-term average, while the P/B ratio at 3.1x reflects an 11% premium, suggesting limited upside without a strong earnings recovery.
Our View: Navigating a Market at Crossroads:
With the earnings downgrade cycle intensifying and macro uncertainties persisting, a selective investment strategy is imperative. The market is facing high valuations, slowing earnings growth, and volatility across key sectors, requiring a disciplined and resilient approach to portfolio construction.
- February 18, 2025 08:57
Share market live today: Global bits
South Korea plans a record $249 billion trade policy financing to support exporters, reinforcing its commitment to strengthening global trade. China’s January bank lending hit a record high due to policy stimulus, while its tech sector is booming, reflecting strong innovation growth. The country is also strengthening strategic resource partnerships, with Congo emerging as a key supplier of copper.
Japan’s GDP grew at an annualized 2.8% in Q4, exceeding forecasts due to strong consumption and business spending. The government has approved new climate, energy, and industry policies through 2040 to ensure long-term sustainability. Japan’s DBJ has also partnered with Indonesia’s INA to launch a hybrid fund for mid-sized businesses.
India aims to boost trade with the US while balancing its tariff reactions. The country’s January trade deficit aligned with expectations, and the rupee is expected to take cues from dollar movements, while bond markets focus on liquidity changes.
Indonesia recorded a trade surplus of $3.45 billion in January, primarily driven by weak imports. The country’s parliament is set to vote on mining law amendments, which could significantly impact its resource exports.
Hong Kong regulators have hinted at allowing cryptocurrencies as proof of wealth, signaling a shift toward digital asset adoption. In Singapore, January exports fell 2.1% year-on-year, weaker than forecast, indicating external trade weakness.
The UK is facing business concerns over impending tax hikes, while the housing market is beginning to slow due to recent tax policy changes. The Bank of England sees inflation slowing, though a temporary jump is expected in 2025.
European shares have hit record highs, driven by optimism over potential peace developments in Ukraine. However, security demands continue to strain European finances, and German cities are struggling with rising costs amid a weak economy.
In the US, Federal Reserve official Christopher Waller has warned against allowing policy uncertainty to paralyze rate decisions, indicating a proactive approach.
Commodity markets are experiencing shifts as speculators reduce long positions in corn and soybeans. Meanwhile, BHP sees signs of economic recovery in China but remains cautious about potential trade tensions. The company has scrapped its $49 billion bid for Anglo American and is now focusing on organic growth rather than acquisitions.
Source: Reuters
- February 18, 2025 08:56
Stock in focus: Biocon Biologics’ Yesintek approved in EU for plaque psoriasis, Crohn’s disease
Biocon Biologics Ltd, a fully integrated global biosimilars company and a subsidiary of Biocon Ltd, announced today that the European Commission has granted marketing authorisation in the European Union (EU) for Yesintek, a biosimilar of Ustekinumab.
Yesintek is intended for the treatment of adults and children with plaque psoriasis, as well as adults with psoriatic arthritis or Crohn’s disease. Clinical trial data demonstrated that the Ustekinumab biosimilar has comparable safety and efficacy to the originator product.
Biocon shares were down 1.41% on the NSE, trading at ₹342.65
- February 18, 2025 08:46
Share market live today: Patel Engineering secures Rs 1,090.45 crore irrigation project as lowest bidder
Patel Engineering JV wins ₹1,090 crore irrigation project in Maharashtra
Patel Engineering Limited wins ₹1,090.45 crore irrigation project in Maharashtra, expanding its infrastructure portfolio with joint venture partnership.
- February 18, 2025 08:45
Technical Snapshot: Nifty defends 22,800 support; key breakout levels to watch at 23,100 and 49,750 for BankNifty
Aditya Gaggar, Director of Progressive Shares
After significant fluctuations, the Index settled higher at 22,960, successfully defending the 22,800 level for the third time in recent weeks, reinforcing it as a strong support. On the upside, the 23,100 level remains a key immediate resistance, and a breakout in either direction is crucial for establishing a clear market trend. Similarly, BankNifty has defended its support at 48,750 and reversed, with resistance at 49,750 still intact. From a sectoral perspective, most sectors have formed neutral to positive candles, suggesting a potential trend reversal. A close above the previous day’s high would provide confirmation of this shift. This outlook is also reflected in the Midcap and Smallcap segments, where a break above key resistance levels could signal further upside potential. Overall, the market is at a critical juncture, with a breakout or breakdown from these levels likely to define the next phase of the trend.
- February 18, 2025 08:40
Technical Outlook: Nifty shows strength above 24,054; key levels to watch for traders
Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
GIFT Nifty is trading sideways this Tuesday morning after Nifty snapped an 8-day losing streak and closed in positive territory yesterday. The focus is on Wednesday’s FOMC minutes, expected to reveal a hawkish Federal Reserve, lowering hopes for rate cuts in 2025. Positive catalysts include Russia-Ukraine peace prospects, falling oil prices, a weaker US Dollar, and RBI’s rate cuts. However, FIIs remain net sellers, with Rs 1,20,494 crore withdrawn so far this year. Technically, Nifty’s strength is seen above 24054, with a bullish outlook on HINDALCO, CIPLA, and VOLTAS for short-term gains.
- February 18, 2025 08:38
Share market live today: Securities in F&O Ban For Trade Date 18-February-2025
* DEEPAKNTR
* MANAPPURAM
- February 18, 2025 08:38
Share market live today: Fund Houses Recommendations
JPMorgan on Persistent: Maintain Buy on Company, target price at Rs 7200/Sh (Positive)
MS on Shree Cement: Upgrade to Equal weight on Company, raise target price at Rs 26950/Sh (Positive)
Citi on Shriram Fin: Maintain Buy on Company, target price at Rs 720/Sh (Positive)
Citi on Maruti: Maintain Buy on
Company, raise target price at Rs 14500/Sh (Positive)
MS on Ultratech Cement: Maintain Overweight on Company, target price at Rs 13650/Sh (Positive)
UBS on Max Health: Upgrade to Buy on Company, raise target price at Rs 1200/Sh (Positive)
CLSA on Tech Mah: Maintain Outperform on Company, target price at Rs 2030/Sh (Positive)
MS on Deepak NTR: Maintain Overweight on Company, target price at Rs 3000/Sh (Positive)
MS on Ambuja: Maintain Overweight on Company, target price at Rs 590/Sh (Neutral)
UBS on PCBL: Maintain Buy on Company, target price at Rs 600/Sh (Positive)
MS on Indian Markets: Buying Indian equities could prove rewarding, India should resume its outperformance to EM in the comingmonths. (Positive)
Citi on Indian Markets: Post corrections valuations for large caps are reasonable,
Remain constructive (Positive)
MS on Cement: Expect demand momentum to continue over next few months. (Positive)
Investec on Auto: In E-2W Bajaj Auto back to leadership, Ola market sharedown 700bps MoM. In ICE-4 M&M/Maruti increased m/share by 170/160bps to
14%/44% vs YTDFY25. Tata Motors m/share declines in ICE as well by 330bps to8.2% (Neutral)
Citi on United Spirits: Maintain Neutral on
Company, target price at Rs 1650/Sh (Neutral)
CLSA on ABFRL: Maintain Hold on Company, target price at Rs 279/Sh (Neutral)
DAM on Deepak NTR: Maintain Buy on Company, target price at Rs 2142/Sh (Neutral)
MS on Dalmia Bharat: Maintain Underweighton Company, target price at Rs 1630/Sh (Neutral)
MS on ACC: Downgrade to Underweight on
Company, cut target price at Rs 1670/Sh (Negative)
CLSA on Nazara Tech: MaintainUnderperform on Company, target price at Rs 665/Sh (Negative)
- February 18, 2025 07:53
Stock market live today: Trade deficit widens to $22.99 billion in January 2025 as exports dip 2.38%
Trade deficit widens to $22.99 billion in January 2025 as exports dip 2.38%
India's trade deficit widens in January 2025 as exports decline, imports rise, with focus on electronics and pharmaceuticals.
- February 18, 2025 07:51
Share market live today: Indian markets are providing good returns on investments: FM Nirmala Sitharaman
Indian markets are providing good returns on investments: FM Nirmala Sitharaman
Indian economy robust, yielding good returns in stock markets; FM Nirmala Sitharaman optimistic, FPI flows fluctuate amid global uncertainty.
- February 18, 2025 07:51
Share market live today: SBI MF launches ₹250 micro SIP under Jan Nivesh scheme
SBI MF launches ₹250 micro SIP under Jan Nivesh scheme
SBI Mutual Fund launches micro SIP with Paytm and SBI, promoting financial inclusion with ₹250 investments.
- February 18, 2025 07:46
Share market live today: Markets set for flat opening amid mixed global cues
Markets set for flat opening amid mixed global cues
Domestic markets may open flat amid mixed global cues, with technical pullback and relief rally expected to continue.
- February 18, 2025 07:31
Share market live today: Researchbytes Events Update as of 07:17 am Tuesday 18 February 2025
10:00 AM Sandhar Technol
Dial: +91 22 6280 1116
10:30 AM ABB India
Dial: +91 22 6280 1376
2:30 PM JNK India Ltd
Dial: +91 22 6280 1259
3:00 PM Narayana Hruda
4:00 PM Australian Prem
Dial: 086 3458 8010
5:00 PM Hinduja Global
Dial: +91 22 6280 1341
( Hosted by Adfactors )
- February 18, 2025 07:18
Stock Recommendations: Samvardhana Motherson (Outperform)
Broker’s call: Samvardhana Motherson (Outperform)
SAMIL's international organic business faces pressure, but acquisitions drive growth; margin expansion and diversification strategy support future prospects.
- February 18, 2025 07:18
Stock recommendations: Senco Gold (Buy)
Broker’s call: Senco Gold (Buy)
Senco Gold Q3 EBITDA miss due to hedging loss, revenue growth healthy, growth outlook retained, TP reduced.
- February 18, 2025 07:17
Share market live today: Stocks in news today
ABB: Net profit at Rs. 528.4 cr vs Rs 338.7 cr, Revenue at Rs. 3365.0 cr vs Rs 2758.0 cr (YoY) (Positive)
Anant Raj: Company partners with CSC Data Services for data centre and cloud solutions (Positive)
Adarsh Mercantile: Company is the target of an open offer. Six individuals (Acquirers) are seeking to acquire up to 26% of the company’s emerging equity and voting share capital. (Positive)
NTPC: Company plans to spend $62 bn on 30 GW of nuclear power over 2 decades, 3 times more than expected. (Positive)
Sterlite Power: Company commissions Nangalbibra - Bongaigaon transmission line. (Positive)
LTIMindtree: Company partners with Greece’s Eurobank for multi-year banking tech revamp. (Positive)
Allcargo Terminals: Company’s January Business Update | CFS Volumes Up 11% YoY & Up 4% MoM at 53.8 TEUs. (Positive)
Uflex: Company is investing over Rs 750 crore to set up a woven polypropylene bags manufacturing plant in Mexico. (Positive)
Uno Minda: Company approved a joint venture with Suzhou lnovance Automotive Co. Ltd for powertrain projects. (Positive)
Thomas Cook: Company announced a partnership with Sabah Tourism Board to increase Sabah (Malaysia) tourism from India. (Positive)
Biocon: Company announced the record date for the maturity of its Rs. 570 Cr Commercial Paper. The maturity date is April 29, 2025. (Positive)
DCX Systems: Company is establishing new manufacturing units in Bengaluru for Cable & Wire Harness Assemblies, Printed Circuit Board Assemblies, and Electronic Sub-Assemblies. (Positive)
Bharat Forge: Company unveils Marg 45 Cal Mounted Gun System (Positive)
G R Infraprojects: Company has completed the 4-laning project of the Ujjain-Badnawar section of NH-752D. (Positive)
CLN Energy: Company has received a Purchase order for supply of Lithium Ion Batteries totaling to Rs 77 Crores approx. (Positive)
KIMS: Company has acquired and will manage UAIMS Hospital in Sangli, Maharashtra. (Positive)
Advanced Enzymes: CRISIL has upgraded ratings for Short-Term debt instruments/facilities (Positive)
Sharika Enterprises: Company has signed Joint Venture agreement with SPIN Engenharia and Nayon Kontrol System specializing in advanced automation and control systems for the energy sector. (Positive)
Deepak Fertilizer: Deepak Mining Solutions increases stake in Platinum Blasting Services to 85%. (Positive)
City Union Bank: Bank opened 4 new branches on February 17, 2025. The bank now has a total of 839 branches. (Neutral)
Emami Ltd: Company announced the resignation of Sandeep Kr. Sultania, Company Secretary &Compliance Officer, and VP – Sales Commercial, effective February 28, 2025. (Neutral)
Bharti Airtel: Company redeemed USD 1,000 million 1.50% Foreign Currency Convertible Bonds (FCCBs) due 2025. (Neutral)
Zomato: Company unveils AI customer support platform ‘Nugget’, an AI-Native, no-code customer support platform. (Neutral)
Paytm: Company partners with SBI Mutual Fund to launch Jan Nivesh Rs 250 SIP. (Neutral)
LIC India: Company launches new product ‘LIC’s Smart Pension’, available for sale effective February 18. (Neutral)
SBI Cards: Company declares ₹2.50 interim dividend, appoints Salila Pande as MD and CEO. (Neutral)
GMR Airports: Company’s January passenger traffic rises 11% on-year, down 2% MoM at 1.06 crore. (Neutral)
Bajaj Consumer: Company will acquire rival Vishal Personal Care at an enterprise value of Rs 108.3 crore. (Neutral)
Dr Agrawal’s: Crisil Ratings Limited reaffirmed the credit rating of Dr. Agarwal’s Health Care Ltd. at Crisil A+ Stable. (Neutral)
ICICI Pru: Company has received an demand order with Rs 190 crore GST from Deputy Commissioner of State Tax, Maharashtra State (Neutral)
Route Mobile: Company received orders from the CGST authority with demand amounts to Rs.54.12 Crores (Neutral)
Kirloskar Brothers: Company has received an demand order with Rs 15 crore GST from Assistant Commissioner, Dwarakanagar Circle, Vishakhapatnam (Neutral)
Great Eastern Shipping: Company has cancelled the proposal for early redemption of Rs. 150 crore debentures. (Neutral)
Electronics Mart: Company has opened a new Bajaj Electronics multi-brand store on Feb 17, 2025, in Khammam, Telangana. (Neutral)
Vedanta: Creditors meet today to vote on India demerger plan (Neutral)
Bharti Airtel: Set for block deal today; Promoter to sell 0.8% stake for Rs 8,000 crore (Neutral)
Astron Paper: Net Loss at Rs 26.2 cr vs Rs 1.0 cr, Revenue at Rs. 1.3 cr vs Rs 73.6 cr (YoY) (Negative)
AGS Transact: Company reports Rs 1,652 Mn loss for 9MFY25. (Negative)
Karnataka Bank: Identifies certain deficiencies in reconciliation process during review of suspicious UPI Global Transactions (Negative)
- February 18, 2025 07:14
Share market live today: Modi and Trump set ambitious $500 billion trade goal by 2030 amid economic uncertainty
Justin Khoo, Senior Market Analyst - APAC, VT Markets
When Prime Minister Narendra Modi met with President Donald Trump, in their discussions they pledged to enhance United States and India trade relations, setting an audacious goal of $500 billion by 2030. Their negotiation teams have also been directed to try and achieve a deal by Fall 2025. The terms of this deal are likely to reduce tariffs and other barriers on textiles, electronics, engineering and other industries. Moreover, India also pledged increased energy purchases from the United States, which will increase India’s spending on oil and gas from $15 billion to $25 billion to improve energy brauchen und help resolve trade deficits.
President Trump made the announcement of his new “reciprocal” tariff plan, where he applies the same duties onto other high tariff countries. While self benefiting trade practices were set in place, this policy has introduced short term uncertainty into the market.
Prime Minister Modi’s visit had included discussions on defense cooperation, including the potential sale of F-35 fighter jets to India. This is part of a wider ten-year defense agreement that intends to improve the military capability of India and its influence on regional security issues.
In terms of security and immigration, Trump also supported the extradition of the person responsible for the 2008 Mumbai attacks as a breach of diplomacy to bolster trust from both countries. February 14, 2025 proved to be an eventful day as Modi’s trip. Indian economic indicators responded immediately and statistics show that India suffered a 0.5% dip as the market opened.
- February 18, 2025 07:13
Share market live today: Economic Calendar – 18.02.2025
12.30 U.K. Claimant Count Change (Expected: 10.0k versus Previous: 0.7k)
15.00 U.K. BOE Gov Bailey Speaks
15.30 EURO ZEW Economic Sentiment (Expected: 24.3 versus Previous: 18.0)
20.50 U.S. FOMC Member Daly Speaks
23.30 U.S. FOMC Member Barr Speaks
TENT U.S. President Trump Speaks (Recorded Interview on Fox News around 06.30 am Wednesday India Time)
- February 18, 2025 07:12
Stock market live updates: Fund Flow Activity: 17 February 2025
(Rs. In Crs.)
Turnover: (NSE + BSE)
Cash Volume: 82681.35 + 4727.28 Total: 87408.63
F&O Volume: 12665006.6 + 8337492.39 Total: 21002498.99
Provisional Cash
FII/FPI: NET SELL: -3937.83
(6826.98 - 10764.81)
DII: NET BUY: +4759.77
(12504.11 - 7744.34)
- February 18, 2025 07:11
Share market live today: Q3FY25 results review
# PAT growth for Nifty-50 Index grew at 8.8% yoy in Q3FY25.
# Reported PAT of the Nifty-50 Index increased 14.7% yoy (extraordinary items noted in Adani Port, Bharti Airtel, HUL, ITC, Sun Pharma & Tata Steel).
Key sectoral highlights –
# Most automobile companies saw (1) a yoy decline in volumes and (2) a few reported a decline in margins due to RM headwinds.
# The banking sector reported strong results, led by a sharp yoy increase in the net income of SBI.
# The performance of the construction material sector was marred by weak realizations despite strong volume growth.
# Consumer companies reported weak volume prints, with commentary suggesting a challenging demand environment.
# The IT services sector signaled a gradual improvement in demand conditions and displayed an acceleration in growth, led by financial services and retail verticals.
# Downstream companies reported weak refining margins and continued large LPG losses.
# Net profits of the pharmaceuticals sector increased in double digits.
Among the Nifty-50 stocks, companies that significantly outperformed street estimates at the net income level are:
(1) Bharat Electronics (better margins),
(2) Britannia Industries (better margins),
(3) Cipla (better margins),
(4) Hero Motocorp (higher other income),
(5) IndusInd Bank (lower-than-expected provisions),
(6) SBI (lower-than-expected provisions),
(7) Sun Pharma (lower R&D spends) and
(8) Ultratech Cement (higher volumes and margins).
On the other hand, companies that underperformed street estimates are
(1) BPCL (lower GRM),
(2) Dr. Reddy’s Laboratories (muted US sales),
(3) L&T (miss on core E&C revenues),
(4) ONGC (higher-than-expected expenses),
(5) Tata Steel (higher taxation),
(6) Tech Mahindra (forex loss) and
(7) Trent (lower SSSG).
Street foresee downside risks to earnings estimates for FY26E/27E, given the underlying macro-micro backdrop. The recent correction in broader markets factors into some of the potential disappointments in earnings ahead.
Consensus Nifty EPS numbers for FY26 is ~Rs1200 and for FY27 is ~Rs1350.
Few good things went unnoticed in recent past are as under:
# Better GST collections for the month of January (collections up 12.3% at ₹1.96 lakh crore)
# Better CPI numbers for the month of January (4.31%, down from 5.22% in December 2024)
# Prudent budget focusing on consumption
# Earning season is not so bad (in the context of multiple Elections & Budget)
# Repo rate cut
# Delhi win by NDA government
# FCPA suspension to help Adani group
# No direct tariffs by Trump on India (till now)
- February 18, 2025 07:09
Share market live today: JSPL’s promoter buys additional 17.69 lakh shares via open market on Feb 12
- February 18, 2025 07:01
Share market live today: Stocks that will see action today: February 18, 2025
Stock that will see action today: 18 February 2025
Buzzing Stocks Today, Stocks that will see action today: 18 February 2025 - Airtel, Godrej Enterprises, Choice Intl, SBI Cards, Uno Minda, KIMS, Gabriel India, Shakti Pumps, 360 One Asset, Zomato, Religare Enterprises, Thomas Cook, Anant Raj, Karnataka Bank, BEL
- February 18, 2025 06:53
WATCH: Today’s Stock Recommendation: February 18, 2025
Here’s an interesting stock idea:The stock idea that we have for you today is SBI Life Insurance Company. The price action since January indicates that the stock is getting bought every time it falls to ₹1,400. The recent rise is also happening from this level. That leaves the outlook bullish for the stock. Check out the latest episode of bl.Today’s Pick to learn more.
- February 18, 2025 06:49
Stock Recommendations: Stock to buy today: SBI Life Insurance Company (₹1,478.70) – BUY
Stock to buy today: SBI Life Insurance Company (₹1,478.70) – BUY
Bullish outlook for SBI Life Insurance Company with potential rise to ₹1,580-₹1,600, traders advised to go long at ₹1,479.
- February 18, 2025 06:47
Share market live today: Trading guide for February 18, 2025: Intraday supports, resistances for Nifty50 stocks
Day trading guide for February 18, 2025: Intraday supports, resistances for Nifty50 stocks
Get intraday trading support, resistance levels, and recommendations for Nifty Futures and top stocks with Day Trading Guide.
